Unilever PLC (NYSE:UL) Given Consensus Recommendation of “Hold” by Brokerages

Unilever PLC (NYSE:UL) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $65.55.

Several brokerages recently commented on UL. DZ Bank upgraded shares of Unilever from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 8th. Weiss Ratings lowered Unilever from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, May 29th. Royal Bank Of Canada raised Unilever from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, April 21st. Finally, Jefferies Financial Group reiterated an “underperform” rating on shares of Unilever in a report on Monday, May 18th.

Unilever Price Performance

Shares of UL opened at $60.05 on Friday. The company’s fifty day simple moving average is $57.86 and its 200-day simple moving average is $62.74. Unilever has a twelve month low of $54.75 and a twelve month high of $74.97.

Institutional Trading of Unilever

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elyxium Wealth LLC bought a new position in shares of Unilever in the fourth quarter worth about $25,000. Financial Life Planners purchased a new stake in Unilever in the 1st quarter valued at about $25,000. Palisade Asset Management LLC purchased a new stake in Unilever in the 3rd quarter valued at about $25,000. Bard Associates Inc. bought a new position in Unilever in the 4th quarter worth about $27,000. Finally, Asset Dedication LLC increased its position in shares of Unilever by 108.8% during the third quarter. Asset Dedication LLC now owns 476 shares of the company’s stock worth $28,000 after acquiring an additional 248 shares during the period. Hedge funds and other institutional investors own 9.67% of the company’s stock.

Unilever Company Profile

Unilever PLC is a global consumer goods company with roots dating back to the early 20th century, formed from the merger of the British firm Lever Brothers and the Dutch company Margarine Unie. The company develops, manufactures and markets a broad portfolio of branded products in personal care, home care and foods and refreshments. Unilever’s corporate structure and listings reflect its long history in both the United Kingdom and the Netherlands, and it operates at scale across diverse consumer markets worldwide.

Unilever’s business is organized around major product categories—Beauty & Personal Care, Home Care and Foods & Refreshment—and includes numerous well-known consumer brands across those categories.